News

News

Chevron, SBM and Schlumberger among big name companies onboard for GIPEX 2018

OilNOW -
Several more big name companies in the oil and gas industry have signaled their intent to be part of a major petroleum summit taking place in Guyana next month. The South American country now regarded as the next oil...
News

Upstream expenditures expected to grow in 2018 to US$400 billion – WoodMac

OilNOW -
(Offshore Engineer) Believing that major spending cuts are over, Wood Mackenzie expects global upstream capital expenditures to grow slightly in 2018 to a total of US$400 billion. The downturn resulted in nearly $1 trillion being taken out of company spending...
News

TMC to equip newbuild FPSO

OilNOW -
International compressor supplier TMC Compressors (TMC) has won a contract from Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS) to supply the marine compressed air system to a newbuild FPSO the yard is currently constructing for SBM Offshore. SBM Offshore is the...
News

CGX ‘indigenous’ position helped it secure extension on petroleum license in Guyana

OilNOW -
Guyana views CGX Energy - the first company to embark on large-scale oil exploration off the country's coast – as an indigenous company and this has played a role in the granting of an extension on its Petroleum Exploration...
News

Guyana delegation jets off to India to clinch ‘oil-sale’ deal

OilNOW -
Guyana’s Cabinet Counsel of Ministers on Tuesday granted approval for a high-level delegation to travel to India. The Asian economic giant has signaled an interest in purchasing crude from the South American country, in addition to pursuing collaborations in the areas...
News

Shell is closing in on Exxon’s crown

OilNOW -
(Bloomberg) Even in the dynamic world of business, some things always hold true: the Big Mac outsells the Whopper, Google gets more searches than Bing, and Exxon Mobil Corp. is the world’s biggest public oil company. Or perhaps not. Royal Dutch Shell...
News

More contracts to be released; no objection made by oil companies – Trotman

OilNOW -
The Government of Guyana has taken a decision to publicly release all of the contracts and agreements - such as the recently released Petroleum Sharing Agreement with ExxonMobil - for all of the oil companies operating in the South...
News

Natural Resources Fund Bill for Guyana Parliament by March

OilNOW -
Guyana’s Ministry of Natural Resources has set for itself a rigorous agenda for 2018, ahead of first oil in 2020, and according to subject Minister Raphael Trotman, this includes the tabling of a suite of legislation for enactment, including...
News

410 jobs impacted as Caribbean Nitrogen shuts down

OilNOW -
(Trinidad Express) More workers are expected to go on the breadline with the announcement on Wednesday by Caribbean Nitrogen Company that it has been forced to immediately shut down its ammonia plant on the Point Lisas Industrial Estate. The...
News

Guyana Shorebase to hire hundreds more ahead of first oil

OilNOW -
As discussions continue in the public domain over the availability of jobs, the protection of local content and opportunities to be made available in Guyana’s embryonic oil and gas sector, one of ExxonMobil’s contractors is gearing up to commence...
1...893894895...971Page 894 of 971

Latest News

NewsOilNOW -

Guyana continues to defy expectations, says U.S. market intelligence firm

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great”...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks